PUBLIC LAW 102-550—OCT. 28, 1992

106 STAT. 3955

(B) the status of efforts to provide standard credit
terms and underwriting guidelines for multifamily housing
and to securitize such mortgage products; and

(C) any factors inhibiting such standardization and
securitization;

(6) examine actions each enterprise has undertaken and
could undertake to promote and expand opportunities for first-
time homebuyers; and

(7) describe any actions taken under section 1325(5) with
respect to originators found to violate fair lending procedures.

SEC. 1325. FAIR HOUSING.

The Secretary shall—

(1) by regulation, prohibit each enterprise from discriminat-
ing in any manner hi the purchase of any mortgage because
of race, color, religion, sex, handicap, familial status, age, or
national origin, including any consideration of the age or loca-
tion of the dwelling or the age of the neighborhood or census
tract where the dwelling is located hi a manner that has
a discriminatory effect;

(2) by regulation, require each enterprise to submit data
to the Secretary to assist the Secretary in investigating whether
a mortgage lender with which the enterprise does business
has failed to comply with the Fair Housing Act;

(3) by regulation, require each enterprise to submit data
to the Secretary to assist in investigating whether a mortgage
lender with which the enterprise does business has failed to
comply with the Equal Credit Opportunity Act, and shall submit
any such information received to the appropriate Federal agen-
cies, as provided in section 704 of the Equal Credit Opportunity
Act, for appropriate action;

(4) obtain information from other regulatory and enforce-
ment agencies of the Federal Government and State and local
governments regarding violations by lenders of the Fair Hous-
ing Act and the Equal Credit Opportunity Act and make such
information available to the enterprises;

(5) direct the enterprises to undertake various remedial
actions, including suspension, probation, reprimand, or settle-
ment, against lenders that have been found to have engaged
in discriminatory lending practices in violation of the Fair
Housing Act or the Equal Credit Opportunity Act, pursuant
to a final adjudication on the record, and after opportunity
for an administrative hearing, in accordance with subchapter
II of chapter 5 of title 5, United States Code; and

(6) periodically review and comment on the underwriting
and appraisal guidelines of each enterprise to ensure that such
guidelines are consistent with the Fair Housing Act and this
section.

SEC. 1328. PROHIBITION OF PUBLIC DISCLOSURE OF PROPRIETARY
INFORMATION.

(a) IN GENERAL.—The Secretary may, by regulation or order,
provide that certain information shall be treated as proprietary
information and not subject to disclosure under section 1323 of
this title, section 309(nX3) of the Federal National Mortgage
Association Charter Act, or section 307(fX3) of the Federal Home
Loan Mortgage Corporation Act.

12 USC 4545.
Regulations.

12 USC 4546.